NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $40.89, above its previous 52-week high of $40.87 with 31,703 shares traded as of 9:40 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.
HCP has a market cap of $16.33 billion and is part of the
industry. Shares are up 10.8% year to date as of the close of trading on Thursday.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 26.3, above the average real estate industry P/E ratio of 25.7 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates HCP as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
52-week high stocks
or get investment ideas from our